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This Major Wall Street Player Moves to Tie Up Tomorrow’s Income Trends

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One of America’s largest banks is making a decisive move to expand its footprint in the booming active ETF space.

A multi-billion-dollar acquisition signals its ambition to stay ahead of evolving investor needs.

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Energy

Is Exxon About to Change the Middle East Playbook?

ExxonMobil (NYSE: XOM) is eyeing one of the biggest openings in global oil right now: a shot at taking over Lukoil’s 75% stake in Iraq’s West Qurna-2 field.

The site produces more than 400,000 barrels per day, and you can already sense how rare it is for an asset this massive to hit the market suddenly.

The shift creates a moment where ExxonMobil has a real chance to reclaim ground in a region shaped mostly by national oil companies.

A Field With Real Weight Behind It

West Qurna-2 offers scale and long life, two things Exxon’s upstream strategy depends on right now.

You get a clearer picture of the opportunity when you realize Iraq is directly funding staff salaries to keep operations stable.

The country wants zero disruption, and any buyer steps into a project backed heavily by the state.

A Race With Global Eyes On It

Several firms are watching Lukoil’s assets, but Exxon made the first move. The field gives the company output, stability, and presence in one of the highest-producing basins on the planet.

You might look back and realize this was the moment Exxon shifted its entire Middle East footprint. If ExxonMobil wins control, it gains one of the most meaningful additions to its portfolio in years.

XOM currently trades at $117 and pays a dividend of $4.12 per share, a yield of 3.55%.

Cloud Security

Google Just Took a Job That Was Never Meant for Silicon Valley

Alphabet’s Google (NASDAQ: GOOGL) just landed a breakthrough that pushes it into a new class of global tech influence.

NATO has chosen Google Cloud to modernize and secure some of the alliance’s most sensitive systems, a level of trust usually reserved for defense giants.

The partnership revolves around Google’s fully isolated “air gapped” cloud, a setup where nothing touches public networks.

NATO will use this environment for simulations, high security analytics, and AI tools that require absolute data separation.

A Door That Was Never Opened Before

This shift changes how global institutions view Google entirely. You can feel how far the company has moved from its old image as a consumer tech and ads machine.

Being selected for military-grade computing shows that Google is now entering territory long dominated by legacy defense contractors.

You get the sense that this win will influence how governments and alliances treat Google Cloud going forward.

The Start of a Very Different Decade

This win sets Google up for a new identity built on trust, stability, and strategic depth.

You see the difference when a tech company begins shaping defense-level computing rather than just consumer products.

If Google builds on this momentum, it will become a central player in the next wave of global security infrastructure.

That shift could redefine its long-term role across cloud, AI, and government technology.

GOOGL currently trades at $316 and pays a dividend of $0.84 per share, a yield of 0.27%.

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Supply Chain

Walmart Quietly Built a Dairy Empire and No One Noticed

Walmart (NYSE: WMT) just opened a $350 million milk processing plant in Valdosta, Georgia, a massive 300,000 square foot facility feeding more than 650 stores.

You can already feel how seriously the company takes ownership of its grocery supply chain rather than renting it.

The plant brings more than 400 jobs and sources milk from local farms, showing how Walmart wants faster, fresher, and cheaper control over its most basic products.

A Grocery Strategy Built From the Inside

This move is not really about milk. It is Walmart building a grocery system where it controls price, supply, and quality from the ground up.

Inflation pushed shoppers toward private-label goods, and Walmart chose to take greater control of that production rather than letting suppliers set the pace.

That move lands directly on you because it shows how far Walmart is willing to go to shape the market on its own terms.

The Pattern Is Getting Hard to Ignore

Walmart already operates a milk plant in Indiana and plans to open another in Texas in 2026.

Add its beef facilities in Georgia and Kansas, and you end up watching Walmart turn into a real food manufacturer.

If the company keeps expanding this model, this plant will become the moment Walmart’s shift reaches you inside the supermarket business itself.

WMT currently trades at $113 and pays a dividend of $0.94 per share, a yield of 0.83%.

Dividend Stocks Worth Watching

Eli Lilly and Company (NYSE: LLY) is wasting no time tightening its grip on the red-hot weight-loss market.

The company has lowered the cash price of its Zepbound vials sold through its direct-to-consumer platform, bringing the 2.5 mg starter dose down to $299.00 a month and trimming the 5 mg and higher strengths to $399.00 and $449.00, respectively. 

The shift comes amid surging demand for obesity treatments and on the heels of a government agreement to expand access.

With rivals circling and uptake accelerating across the board, Lilly's price move looks like a calculated bid to make Zepbound more attainable for self-pay users while capturing an even larger share of a rapidly growing category. 

LLY pays a $1.50 quarterly dividend and has logged 11 consecutive years of payment increases. It yields 0.57%.

Johnson Controls International PLC (NYSE: JCI) is taking center stage in Manatee County’s latest clean-energy push.

The company has been selected, alongside Nopetro, to deliver a new renewable natural gas project that will capture landfill emissions and convert them into pipeline-ready fuel. 

For Johnson Controls, it’s another showcase of its expanding footprint in energy-efficient infrastructure, this time helping the county turn methane that would otherwise escape into the atmosphere into a valuable, revenue-generating resource.

With construction expected to kick off soon, the project underscores JCI's continued integration of sustainability with practical engineering, reinforcing its role as a go-to partner for municipalities looking to modernize waste and energy systems.

JCI pays a 40-cent quarterly dividend, yielding 1.39%. 

The Goldman Sachs Group, Inc. (GS) isn’t slowing down as the year winds to a close.

The bank has agreed to buy Innovator Capital Management in a roughly $2 billion cash-and-stock deal, a move that instantly boosts its presence in the fast-growing active ETF arena. 

Innovator brings around $28 billion in assets across its popular defined-outcome ETFs. 

Goldman says the acquisition will fold Innovator’s team and its 159-strong ETF lineup into its broader wealth and asset-management business, positioning the combined group as a top-tier global player once the deal closes in mid-2026. 

For a firm looking to stay ahead of shifting investor tastes, especially the surge in demand for risk-managed ETF solutions, this is a calculated step forward. 

GS pays a $4.00 quarterly dividend, yielding 1.96%.

Dividend Increases

DTE has increased its dividend to $1.16, up 6.88%. Its new yield is 3.54%.

TXNM has raised its dividend to 42 cents, an increase of 3.68%. Its new yield is 2.91%.

HAFN has increased its dividend to 15 cents, up 21.49%. Its new yield is 10.15%. 

THG has boosted its dividend to 95 cents, a rise of 5.56%. Its new yield is 2.04%.

Dividend Decreases

FORTY has trimmed its dividend to 50.2 cents, a 0.58% drop. Its new yield is 1.22%.

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Upcoming Dividend Payers

SHW’s ex-dividend date for the forthcoming 79-cent payment is 12/05/25.

HON’s ex-dividend date for the forthcoming $1.19 payment is 12/05/25.

PH’s ex-dividend date for the forthcoming $1.80 payment is 12/05/25.

LHX’s ex-dividend date for the forthcoming $1.20 payment is 12/05/25.

Everything Else

  • Costco has filed a lawsuit in the U.S. Court of International Trade asking for a full refund of all Trump trade tariffs it has paid to date. 

  • Marvell Technology has agreed to acquire Celestial AI, a semiconductor startup, for $3.25 billion. 

  • FedEx has launched a global AI education program to help all staff worldwide grow their AI literacy.

  • New contract talks between health insurer Cigna and UNC Health have stalled, leaving around 65.000 Cigna members without coverage, including some currently in hospital or undergoing treatment.

That’s all for today’s edition of the Dividend Brief.

Thanks for reading, and if you have any feedback or dividend stocks you want me to take a look at, just reply to this email!

—Noah Zelvis
DividendBrief.com